Parmly Lakeview Inc

Analysis

Parmly Lakeview Inc is a registered charity in United States, based in Shoreview, MN. It received its IRS tax-exemption ruling in April 1988, 38 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Parmly Lakeview Inc reported income of $658k and spending of $645k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $604k to $658k (+9.0%), an average of +2.2% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parmly Lakeview Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Home Counselors Inc ($658k), Syosset Soccer Club Inc ($658k) and Macon Christian Academy ($658k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $136k. At year end it held assets of $636k against liabilities of $1.9m, net assets of -$1.3m.